U.S. To See Wave of Coal Power Retirements, While Oil Output Ramps Up
Yale E360
JANUARY 12, 2022
Coal is down and oil is up according to the latest projections from the U.S. Energy Information Administration (EIA). Coal plants will account for 85 percent of power capacity being retired in the U.S. this year, consistent with a long-term downward trend in coal burning, while U.S. oil output is expected to increase in 2022 and hit a new high in 2023.
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